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The incoming chief executive of Air France-KLM says that, after years of heavy
losses, the Franco-Dutch airline will return to profitability in 2014.

Alexandre de Juniac, the chairman and chief executive of the Air France wing
of the company, said that it was a matter of “when, not if” Air France-KLM,
one of the world’s biggest airlines, returned to profit and he added that
“2014 will be low profitability if there is no catastrophe or any additional
blow that I cannot forecast. We should have decent profitability by 2015.”

A three-year cost-cutting programme was on schedule for completion by 2015,